What is The Importance of Property Location in Real Estate investment?

What are the important factors to consider when purchasing a property?

The decision to buy a property is one of the most important decisions a person makes in his life. This is one of the important matters that requires patience and a comprehensive study about the property to be purchased. In this context, there are basic factors that must be taken into consideration when buying real estate in Turkey, whether for investment or residential purposes. Among these factors are the following:

Choose the appropriate geographical location that is within the central areas, close to means of transportation, international roads, and service centers, because such specifications of the site make it vital and facilitate movement in the city.

Given the importance of the property’s location in investment, the general surroundings of the property must be studied thoroughly and comprehensively, and what services are available in this surroundings, including marketing centers, and how far schools, universities, and hospitals are from the property to be purchased.

It is necessary to consider the real estate evaluation when purchasing real estate in Turkey, because this real estate evaluation includes all information related to the property such as real estate registry information, information about the location, transportation, and general surroundings of the property, and includes all legal notes related to the property, and contains the technical specifications of the property and the factors affecting its Evaluation during its preparation.

The real estate purchase contract must be signed in the presence of a notary and notated in the title deed, because real estate purchase contracts that are not concluded in the presence of a notary are considered invalid. All procedures for transferring the title deed must be conducted in the Land Registry Directorate, the official contracts must be verified, and the property purchase transaction must be recorded in the real estate records. In the Land Registry Directorate.

Verifying the title deed, and matching the information it contains with the information available on the property on the ground.

It is very important to know who the real owner is before purchasing, because purchasing a property from a person whose owner does not appear on the title deed is considered an invalid sale before the law. Therefore, those wishing to buy real estate must examine the title deed record for the property in question, and verify whether the seller is the owner. In the title deed or whether he has an official power of attorney granted to him by the owner.

You should know whether there are any restrictions on registering the property, such as mortgages, because these restrictions are transferred to the new property owner according to the Turkish laws specialized in real estate.

Verify the type of property whether it is residential or commercial by looking at the property records.

Why is the location of the property so important?

Location is an important factor in the success of real estate investment. It does not make sense for an investor to buy a property just because the price is affordable for everyone. On the contrary, the necessary research must be conducted to ensure that the property is in a suitable place and a distinct location, where the needs of all people are met.

There are some important criteria related to the geographical location of the property before purchasing. The location is extremely important in purchasing real estate in terms of investment or housing, so it is necessary to consider the location of the property in the following aspects:

The property is in a good location that is easy to rent: In order to buy a property for the purpose of renting and obtaining regular monthly profit returns, you must check the location of the property to see if it is suitable for rent and meets the appropriate conditions that make it an attractive point for tenants. Also, properties that are located in a central location are on the rise. In general, demand has the potential to generate higher rental income. Looking from the other side, we find that rental income is generally higher in areas with high demand.

The property is in a good location that is easy to sell: The location of the property to be purchased must be within areas where there are many real estate sales, abundant with investment opportunities and offers, diverse service centers, and close to international roads and rapid transportation lines. There are also social facilities available within the site or within the projects. Residential properties are important for sale, as proximity to services such as parks and sports facilities can increase the value of the property.

The property is in a good, profitable and investment-friendly location: Many investors want to own real estate in Turkey in order to invest and make profits. Real estate is the best decision for investing in Turkey, and the real estate market is one of the most important real estate markets in the world that attracts investors, so when the property is in a suitable location, the chances of selling are It is very large. For example, a residential property that includes sea or natural views, or a property close to commercial centers, marketing malls, and the world of finance and business, is the property that is feasible from an investment standpoint.

The property is in a good location, important for living in terms of proximity to vital facilities: The property has great investment and residential importance when it is close to vital facilities such as schools, universities, hospitals, malls, shops, restaurants, means of transportation, and international road lines. Therefore, the value of the property increases in the real estate market if it is located within a location. My center is rich in all service centers that provide all the basic needs of families.

How do you evaluate the property's location before investing?

Evaluating the location is essential for determining the value of the property. When purchasing a property, it is recommended to pay special attention to the location of the property and seek advice from experts in the real estate market in Turkey, as it is not enough to look at the technical specifications and general surroundings of the property, and the important facilities it contains from an investment perspective. Rather, the investor must Go on a field tour of the property site, visit its general surroundings, and learn about all the necessary details related to the site before investing.